Spanish prime minister announces $220 billion aid package to soften economic blow of pandemic

Spanish Prime Minister Pedro Sanchez announced that his government has approved a 200 billion euro (almost $220 billion) aid package to help tackle the economic impact of the coronavirus pandemic

Spanish Prime Minister Pedro Sanchez talks to journalists after a coronavirus-related press conference at the Moncloa palace in Madrid, on March 10. Bernat Armangue/AP

The package amounts to about 20% of the country's GDP and is"the biggest mobilization of economic resources in Spain's history," Sanchez said during a news conference. Of that total amount, 600 million euros will be put into basic social services, with a special focus for health assistance for the elderly and other vulnerable groups.

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